Discoveries | Exploration & Appraisals | Key Wells
Petro River Begins Exploration in Northern Ireland License
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Petro River Oil Corp. has announced that Petro River UK Limited, its wholly owned subsidiary, has received notice regarding the commencement of drilling operations on the Woodburn Forest-1 Well in Larne Basin, Northern Ireland.
Initial results are expected in July 2016.
The vertical well will be drilled to a depth of 2,000 meters (approximately 6,500 feet) to test the commercial viability of three conventional sandstone reservoir intervals, the Triassic Sherwood Sandstone, Lower Permian Sandstone and Carboniferous Sandstones. The P50 Prospective Resources have been estimated by our joint venture partners at 25 million barrels of oil within the Woodburn Forest prospect.
As previously disclosed, Petro River and Horizon Energy Partners, LLC collectively acquired a 25% working interest (9%…
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